247 Lorraine, Eagle Point, OR 97524

Local realty services provided by:Better Homes and Gardens Real Estate Equinox
247 Lorraine,Eagle Point, OR 97524
$1,250,000
  • - Beds
  • - Baths
  • 5,240 sq. ft.
  • Multi-family
  • Active
Listed by:caspian c hoehne
Office:merit commercial re, llc.
MLS#:220207774
Source:OR_SOMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$238.55

About this home

Exclusively presented for sale - 247 Lorraine Avenue - a clean, rare 8-unit apartment complex in Eagle Point, Oregon (the ''Property''). The Property presents an opportunity to step into established asset in a mature neighborhood, in a sub-market with limited competition and almost zero transactions of apartment complexes for years. The Property is sited on a flat, .55-acre landscaped lot, and consists of two, single-level fourplex buildings and (8) 1-bed / 1-bath efficient units. Once the single vacant unit is leased, the Property will produce nearly $10,000/month in gross income. Located in a quiet, mature area, the Property is close to multiple schools, parks, employers, and much more, and is an attractive opportunity to unlock significant value in beautiful Eagle Point - contact brokers for more info!

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1977
  • Listing Id #:220207774
  • Added:1 day(s) ago
  • Updated:August 15, 2025 at 09:54 PM

Rooms and interior

  • Living area:5,240 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1977
  • Building area:5,240 sq. ft.
  • Lot area:0.55 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$238.55
  • Tax amount:$6,085 (2024)